Buying Stock

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Before buying stock, it's important to make sure that the household budget is running smoothly. Find out how to buy stocks in companies that are within a personal level of risk tolerance with help from a registered financial consultant in this free video on investing and money management.

Part of the Video Series: Investment Basics
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Video Transcript

This is financial adviser, Patrick Munro, talking about buying stock. Buying stock is an important situation for an individual to consider as an investor. But more importantly than that is you must make sure that you have a household budget that's running well. That your expenses are in control, and your revenues are coming in strong. You pay yourself first. And that you have an emergency fund built up. And then you have the luxury of buying stock. Make sure that you buy stock in companies that are within your risk tolerance. Make sure that you're aware that you can lose money if a stock was to go down. But if you have a long term horizon, and you are looking at diversification on an ongoing basis, then buying stock is pretty safe to do. It's been done for a long amount of time in this country. In fact, if you are of a mind to go in when others are going out, you can buy stock on sale, and then, of course, when the economic cycle recovers, you will definitely benefit from that. This is financial adviser, Patrick Munro, talking about buying stock.

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